The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira hits highest level in months at N1,497 per dollar, black market rates appreciate
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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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US hiring beats expectations in December to cap solid year
US job gains soared past expectations in December, according to government data released Friday, in a sign the labor market remains healthy just shortly before President-elect Donald Trump's inauguration this month. "Labor market data are so volatile and confidence intervals so wide that trends are best determined from at least six months of data," he said in a note. bys/des
UK gas reserves 'concerningly low': Biggest supplier
Britain's biggest gas supplier said Friday UK storage levels are "concerningly low" owing to high demand caused by freezing weather and after Ukraine ended Russian gas transit to Europe. Such as "perfect storm" had reduced "UK winter gas storage to concerningly low levels", it added.
Stable fuel prices to drive inflation rate drop to 27.1% by December 2025
A report by the NESG-Stanbic IBTC Business Confidence Monitor has predicted a significant drop in Nigeria's headline inflation rate to 27.1% by the end of 2025.
FG spent 47% of 2024 budget expenditure on debt servicing in 9 months
Analysis is showing that the federal government spent almost half its 2024 budgets on debt servicing. Also, money spent on debts is 147% more than the revenue.
Ubisoft: the 'Assassin's Creed' maker targeted by suitors
From its founding in 1986, French video game maker Ubisoft has grown into a giant of the sector with operations in 20 countries and an uber popular franchise, "Assassin's Creed". The Guillemot brothers opened a company re-selling imported video games in 1986, but quickly pivoted to developing their own games under the name Ubisoft.
Naira remains steady in official market, gains in parallel window as Nigeria’s FX reserves rise
The naira traded flat in the official electronic foreign exchange market (EFEMS) on Thursday, January 9, 2024, and appreciated in the parallel market by N10.
Pakistan flight departs for Paris after EU ban lifted
Pakistan's state-owned airline, plagued by a history of deadly crashes and a pilot licence scandal, resumed flights to Europe on Friday after a four-year ban was lifted by EU regulators. In November, the European Union Aviation Safety Agency announced it had lifted the ban, however it remains barred from flying in the UK and the United States.
Asian markets drift lower as US jobs data looms
Equities fell again in Asia on Friday as traders prepared for the release of US jobs data that could play a key role in the Federal Reserve's decision-making on interest rate, with several officials indicating the cutting has finished for now.
At CES, AI-powered garbage trucks reduce battery fire risk
From laptops to EVs, lithium-ion batteries have fueled phenomenal growth in the 21st century, but businesses struggle with a significant downside: increased fire risk. The owner of a New Jersey recycling plant that caught fire early Thursday pointed to the batteries as a likely cause.
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